Robert Shiller, The Guru of Home Prices

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In a recent interview on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way.

Shiller first commented that he believes:

“There is a certain, substantial amount of momentum in the housing market—much more so than the stock market.”

He then went on to make the point more personal when he revealed:

“My son just bought a house. I told him, ‘Fine’.”

Why was Shiller so comfortable about his son’s purchase? As he explained:

“The futures market at the CME is predicting something like 25 percent higher home prices in 2018.”

The ‘guru’ of home prices just proclaimed that this was a good time for his own family to purchase a home.
That begs the question: Are you advising your adult children that now may be the perfect time to buy?

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About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.

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